Round Lake Pk Workout Lawyer, Illinois

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Brian J. Russell

Bankruptcy, Condominiums, Consumer Bankruptcy, Workout
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

FREE CONSULTATION 

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James J. Burns

Foreclosure, Real Estate, Workout, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

FREE CONSULTATION 

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Alexander McCammon

Crops, Workout, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Andrew Polansky

Crops, Workout, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Anne Dreisbach

Crops, Workout, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Bradley Foreman

Bankruptcy & Debt, Workout, Business, Credit & Debt, Lawsuit & Dispute
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           Licensed:  40 Years

FREE CONSULTATION 

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Conor McNamara

Crops, Workout, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Gabriela Zamfir

Crops, Workout, Credit & Debt, Bankruptcy & Debt
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

George Olsen

Litigation, Banking & Finance, Workout, Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Jay S. Geller

Litigation, Workout, Reorganization, Commercial Bankruptcy
Status:  In Good Standing *Status is reviewed annually. For latest information visit here           

Free Help: Use This Form or Call 800-814-6700

Member Representative

Call me for fastest results!
800-814-6700

Free Help: Use This Form or Call 800-814-6700

By submitting this request, I authorize you to forward my information to multiple potential lawyers and I agree to your Terms of Use and Privacy Policy including the Consent to Receive Automated Phone Calls, Emails and Texts. Information you provide is not privileged or confidential.

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LEGAL TERMS

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)
A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

CREDIT BUREAU

A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit... (more...)
A private, profit-making company that collects and sells information about a person's credit history. Typical clients include banks, mortgage lenders and credit card companies that use the information to screen applicants for loans and credit cards. There are three major credit bureaus, Equifax, Experian and Trans Union, and they are regulated by the federal Fair Credit Reporting Act.

CCCS

See Consumer Credit Counseling Service.

IRS EXPENSES

A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income mu... (more...)
A table of national and regional expense estimates published by the IRS. Debtors whose current monthly income is more than their state's median family income must use the IRS expenses to calculate their average net income in a Chapter 7 case, or their disposable income in a Chapter 13 case.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)
The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

FRAUDULENT TRANSFER

In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee --... (more...)
In a bankruptcy case, a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee -- for instance, when a debtor signs a car over to a relative to keep it out of the bankruptcy estate. Fraudulently transferred property can be recovered and sold by the trustee for the benefit of the creditors.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)
An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

WORKOUT

A debtor's plan to take care of a debt, by paying it off or through loan forgiveness. Workouts are often created to avoid bankruptcy or foreclosure proceedings.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)
Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

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